Kape receives $1.5bn proposal to go private

www.techradar.com – 2023-02-13 10:33:48 – Source link

The public parent company of ExpressVPN, Private Internet Access and CyberGhost may soon be a private entity – owned outright by its current majority shareholder, Unikmind.

The entity, owned by billionaire businessman Teddy Sagi, has proposed to purchase all the shares of Kape Technologies which it doesn’t have in hand and take the company private. This offer, pricing Kape at a premium of just over $1.5 billion, comes a year after the acquisition of industry heavyweight ExpressVPN (opens in new tab) for $936 million.

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